Reliance Industries Future Growth

Future criteria checks 1/6

Reliance Industries is forecast to grow earnings and revenue by 14.7% and 7.3% per annum respectively. EPS is expected to grow by 1.7% per annum. Return on equity is forecast to be 11.3% in 3 years.

Key information

14.7%

Earnings growth rate

1.7%

EPS growth rate

Oil and Gas earnings growth	5.1%
Revenue growth rate	7.3%
Future return on equity	11.3%
Analyst coverage	Good
Last updated	23 Apr 2024

Recent future growth updates

Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Jan 22

Recent updates

Little Excitement Around Reliance Industries Limited's (NSE:RELIANCE) Earnings

Apr 08

With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

Feb 09

Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Jan 22

Is Reliance Industries (NSE:RELIANCE) Using Too Much Debt?

Jan 21

There Is A Reason Reliance Industries Limited's (NSE:RELIANCE) Price Is Undemanding

Jan 03

Reliance Industries (NSE:RELIANCE) Is Increasing Its Dividend To ₹9.00

Aug 08

Returns On Capital Signal Tricky Times Ahead For Reliance Industries (NSE:RELIANCE)

Jul 30

Here's Why Reliance Industries (NSE:RELIANCE) Can Manage Its Debt Responsibly

Jun 26

Should You Be Adding Reliance Industries (NSE:RELIANCE) To Your Watchlist Today?

May 26

Earnings and Revenue Growth Forecasts

NSEI:RELIANCE - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
3/31/2027	11,731,720	1,139,051	840,728	1,915,459	7
3/31/2026	10,781,321	929,590	527,882	1,614,127	29
3/31/2025	10,118,754	820,207	464,415	1,575,339	29
3/31/2024	9,305,290	696,210	59,050	1,587,880	N/A
12/31/2023	8,773,650	698,690	N/A	N/A	N/A
9/30/2023	8,690,160	682,960	172,320	1,558,270	N/A
6/30/2023	8,681,720	647,960	N/A	N/A	N/A
3/31/2023	8,778,350	662,840	-259,560	1,150,320	N/A
12/31/2022	8,738,980	636,060	N/A	N/A	N/A
9/30/2022	8,417,610	635,270	-398,450	841,930	N/A
6/30/2022	7,793,170	635,510	N/A	N/A	N/A
3/31/2022	6,959,630	562,080	105,090	1,106,540	N/A
12/31/2021	6,421,620	540,960	N/A	N/A	N/A
9/30/2021	5,749,950	516,050	-26,570	950,250	N/A
6/30/2021	5,186,200	425,260	N/A	N/A	N/A
3/31/2021	4,669,240	434,860	-788,790	269,580	N/A
12/31/2020	4,530,490	416,710	N/A	N/A	N/A
9/30/2020	4,884,910	452,320	-566,470	322,870	N/A
6/30/2020	5,270,160	469,270	N/A	N/A	N/A
3/31/2020	5,975,350	437,980	183,600	948,770	N/A
12/31/2019	6,112,500	435,450	N/A	N/A	N/A
9/30/2019	6,144,430	419,790	-269,080	566,220	N/A
6/30/2019	6,092,400	402,330	N/A	N/A	N/A
3/31/2019	5,692,090	395,880	-512,800	423,460	N/A
12/31/2018	5,595,290	386,640	N/A	N/A	N/A
9/30/2018	5,017,300	378,330	N/A	N/A	N/A
6/30/2018	4,507,970	364,260	N/A	N/A	N/A
3/31/2018	4,082,650	360,750	-24,940	714,590	N/A
12/31/2017	3,810,110	346,860	N/A	N/A	N/A
9/30/2017	3,627,000	327,960	N/A	N/A	N/A
6/30/2017	3,492,660	318,960	N/A	N/A	N/A
3/31/2017	3,301,800	299,010	N/A	495,500	N/A
12/31/2016	2,880,070	268,390	N/A	N/A	N/A
9/30/2016	2,763,310	265,780	N/A	N/A	N/A
6/30/2016	2,649,190	287,190	N/A	N/A	N/A
3/31/2016	2,932,980	297,450	N/A	381,340	N/A
12/31/2015	2,837,620	266,130	N/A	N/A	N/A
9/30/2015	3,090,290	245,790	N/A	N/A	N/A
6/30/2015	3,479,250	238,310	N/A	N/A	N/A
3/31/2015	3,754,350	235,660	N/A	343,740	N/A
12/31/2014	4,113,930	230,660	N/A	N/A	N/A
9/30/2014	4,359,030	233,120	N/A	N/A	N/A
6/30/2014	4,415,970	232,130	N/A	N/A	N/A
3/31/2014	4,344,600	224,930	N/A	432,610	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RELIANCE's forecast earnings growth (14.7% per year) is above the savings rate (6.7%).

Earnings vs Market: RELIANCE's earnings (14.7% per year) are forecast to grow slower than the Indian market (18% per year).

High Growth Earnings: RELIANCE's earnings are forecast to grow, but not significantly.

Revenue vs Market: RELIANCE's revenue (7.3% per year) is forecast to grow slower than the Indian market (10.3% per year).

High Growth Revenue: RELIANCE's revenue (7.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: RELIANCE's Return on Equity is forecast to be low in 3 years time (11.3%).

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Reliance Industries Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Recent updates

Full year 2024 earnings: Revenues miss analyst expectations

Reliance Industries Limited to Report Q4, 2024 Results on Apr 22, 2024

Little Excitement Around Reliance Industries Limited's (NSE:RELIANCE) Earnings

Reliance Industries Limited (NSEI:RELIANCE) entered into binding agreement to acquire 13.01% stake in Viacom 18 Media Private Limited from Paramount Global (NasdaqGS:PARA) for INR 42.9 billion.

Reliance Industries Limited (NSEI:RELIANCE) entered into binding agreement to acquire 13.01% stake in Viacom 18 Media Private Limited from Paramount Global (NasdaqGS:PARA) for INR 42.9 billion.

Paramount Reportedly Said in Talks to Sell India TV Stake to Reliance

Walt Disney and Reliance Industries Reportedly Sign Binding Pact to Merge their Media Operations in India

Reliance Industries Reportedly in Talks for Stake in Tata Play to Buy Disney's 29.8% Share

Disney, Reliance Merger Discussions Reportedly Reach Last Lap as Feb. 17 Exclusivity Deadline Draws Near

With EPS Growth And More, Reliance Industries (NSE:RELIANCE) Makes An Interesting Case

Reliance, Bodhi Tree Reportedly Discuss 60% Stake in Disney India Merger Talks

Reliance Unable to Comment on A Report Claiming Disney India Unit Valuation Halved in Merger Talks

Analyst Estimates: Here's What Brokers Think Of Reliance Industries Limited (NSE:RELIANCE) After Its Third-Quarter Report

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Is Reliance Industries (NSE:RELIANCE) Using Too Much Debt?

Reliance Industries Limited Announces Completion of Term of Adil Zainulbhai, Effective March 31, 2024

Reliance Industries Limited to Report Q3, 2024 Results on Jan 19, 2024

Adani Co’s INR 410 Billion Offer Reportedly to Be Anchor Bid for Lanco Unit

There Is A Reason Reliance Industries Limited's (NSE:RELIANCE) Price Is Undemanding

Reliance Industries and Walt Disney Reportedly Sign Term Sheet for Mega Merger

Reliance, Disney Reportedly to Sign Off on India Media Merger Next Week

Reliance Industries, Disney Ready Term Sheet to Merge India Operations

Reliance Industries Limited Approves Appointment of Isha, Akash and Anant Ambani to RIL Board

Reliance Industries Limited Approves Appointment of Isha, Akash and Anant Ambani to RIL Board

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Reliance Industries Limited Approves Appointment of Isha, Akash and Anant Ambani to RIL Board

Disney Said to Near Multibillion-Dollar India Deal with Reliance

Reliance Industries Limited to Report Q2, 2024 Results on Oct 27, 2023

Disney Reportedly Said to Be in Talks with Adani, Sun TV to Sell India Assets

Walt Disney Enters Talks with Reliance to Sell its India Streaming

Disney India Reportedly Sale Talks Draw Firms Including Reliance

Reliance Industries Limited Approves Dividend for the Financial Year Ended March 31, 2023

Reliance Industries Reportedly May Sell Another Sell 8-10% More in Reliance Retail Ventures

Upcoming dividend of ₹9.00 per share at 0.4% yield

Reliance Industries (NSE:RELIANCE) Is Increasing Its Dividend To ₹9.00

Reliance Industries Limited, Annual General Meeting, Aug 28, 2023

Returns On Capital Signal Tricky Times Ahead For Reliance Industries (NSE:RELIANCE)

New minor risk - Dividend sustainability

Reliance Industries Limited Recommends Dividend for the Financial Year Ended March 31, 2023

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Reliance Industries Limited to Report Q1, 2024 Results on Jul 21, 2023

Here's Why Reliance Industries (NSE:RELIANCE) Can Manage Its Debt Responsibly

Reliance Group Appoints Parul Sharma as Group President

Should You Be Adding Reliance Industries (NSE:RELIANCE) To Your Watchlist Today?

Reliance Industries Limited Announces Cessation of Shri Pawan Kumar Kapil as Director

Reliance Reportedly in Fray as MG Motor Looks to Sell India Ops

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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